Sheraton Dalat Resort Cooperative Agreement with Starwood Inc

Sheraton Dalat Resort Cooperative Agreement with Starwood Inc Tuesday, 09 November 2010 Da Lat city, Lam Dong province – November 08, 2010 - Robin Hill Tourism Ltd. (Saigon Invest Group) signed a cooperative agreement with Starwood Inc to manage the Sheraton Dalat Resort at Palace Hotel, 12 Tran Phu St. Attending the signing ceremony were Mr. Huynh Duc Hoa, Deputy Secretary of the Provincial Party Committee, Chairman of Lam Dong and other provincial senior leaders, Ms. Dang Thi Hoang Phuong, SGI's General Director and Mr. Ngo Manh Hung, Chairman of Robin Hill Resort, Mr. Miguel Ko, President and CEO of Starwood Asia Pacific. Speaking at the ceremony, Ms. Dang Thi Hoang Phuong offered appreciation to the enthusiastic support of the local government during the project's implementation and hoped to receive further assistance in the time to come. SGI's General Director stressed: "The Cooperative Agreementwith Starwood will enhance Sheraton Dalat's brand value, reputation and prestige. The Resort is expected to be completed and put into operation by 2014. Dalat Resort Sheraton will meet the increasing need of domestic and foreign tourists, improve quality of life and the region's economic development.” Representing Stawood Inc, Mr. Miguel Ko appreciated the project potential in the beautiful city of Dalat. To promote and expand Sheraton brand in Vietnam is one of Starwood main objectives. Mr. Ko said: "We are very honored to partner with Robin Hill Ltd. and Saigon Invest Group in many projects. This is our opportunity to establish Sheraton's brand awareness in Vietnam. " Mr. Ko also pledged to deliver a real Resort up to Sheraton standard. Representing the local government, Mr. Huynh Duc Hoa expressed confidence in investors and trust toward Starwood Inc. He said Lam Dong Province and Da Lat city will create the most favorable conditions for the project to be completed on schedule. Sheraton Da Lat Resort (total area of 17 hectares, $ 25M in investment), financed by Robin Hill Tourism Ltd., is located near the center of Da Lat, one of the most famous tourist cities in Vietnam. The project is designed and constructed according to international 5-star standard, including resort hotels, villas and luxury villas (150 rooms), with parks, recreation facilities, food and beverage stores... This is a part of Saigon - Lam Dong hotels & resorts project in the economic cooperation program between HCMC and Lam Dong Province.